Modular Contactor Market

Modular Contactor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Modular Contactor Market: Introduction

Modular contactor is a remote controlled electromagnetic device. It is used as a switching device (to turn power on and off in a circuit). The force to close and open the contact is generated by an electromagnet. There are several types of contactors such as electromagnetic, electro-pneumatic, pneumatic, and interlocking contactors. These use AC and DC networks (depending on the type). Modular contactor is primarily used to control a powerful electric motor

Modular contactor is a switching device used to control small capacitance loads without buzzing sound during operation. It can be installed on din rails. It is compact and can be used in small control cabinets. The functionality of a module contactor is the same as the power contactor.
- The module contactor coil is energized
- The main contact position changes (from normally open to normally close or from normally close to normally open)
- Electric energy is transmitted from the power supply end to the load end
The power contactor generates a buzzing sound during the switching process. This disturbing noise can be heard even when the cabinet door is closed. Modular contactors ensure quiet operation. Hence, it is also called a silent switch. This is the key feature that distinguishes the module breaker from the circuit breaker.
Modular contactors are the first choice in indoor applications due to their quiet operation. They are utilized in various applications in hotels and residences to control the lighting load. These devices can also be used to control small fans, water pumps, elevators, and radiators.

Rise in Demand for Modular Contactors in Railway Industry

In terms of end-use industry, railway is projected to be the fastest growing segment of the global modular contactor market during the forecast period due to increase in use of modular contactors for door control on trains and mobile device charging.
A modular contactor can be utilized in advanced technological applications such as cooling & refrigeration, solar power system, air conditioning, street light, and car park lighting
Rise in adoption of modular contactors in street lights, car park lighting, and solar power systems propels the market

Europe to Lead Global Modular Contactor Market

In terms of region, the modular contactor market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
The modular contactor market in Europe is projected to grow at a rapid pace from 2021 to 2031. This is attributed to increase in applications in industries such railway because of technological advancements. The modular contactor market in the region is anticipated to witness strong growth due to presence of major players and increased competition among them.
The market in Asia Pacific is expected to experience steady growth during the forecast period

Key Players Operating in Global Modular Contactor Market

The global modular contactor market is highly fragmented due to presence of large number of medium and large enterprises. Rise in demand for modular contactors in the railway industry has induced companies to invest in the development of technologically advanced products.

Key players operating in the global modular contactor market are: